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Category Archives: Tech
CBRE buys remainder of co-working company Industrious at an $800M valuation
Real estate giant CBRE announced Tuesday that it is acquiring the rest of co-working startup Industrious, in which it already had a sizable investment, at a valuation of over $800 million. Founded in 2013, New York-based Industrious raised a total of … Continue reading
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Biden administration opens up federal land to AI data centers
With less than a week left in office, President Joe Biden is not done leaving his mark on the AI industry. President Biden issued an executive order on Tuesday that will allow private sector AI companies to lease federal sites … Continue reading
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OpenAI adds BlackRock exec Adebayo Ogunlesi to board of directors
As OpenAI pushes toward a for-profit structure, the company is adding Adebayo Ogunlesi, founding partner of Global Infrastructure Partners, to its board.
Nearly Half of Businesses Weaken Sustainability Goals Due to Generative AI Demands, Capgemini Report Reveals
Google has stated that its goal to reach net-zero emissions across all its operations and value chain by 2030 is now “extremely ambitious” thanks to its data centre usage.
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Meta to cut roughly 5% of its workforce based on performance
Meta is reducing its workforce by about 5% through performance-based terminations, Bloomberg reported on Tuesday. The company plans to hire new people to fill the roles, CEO Mark Zuckerberg said in an internal memo to staff. “I’ve decided to raise … Continue reading
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Apple joins consortium to help develop next-gen AI data center tech
Apple has joined a consortium creating next-gen technology to link together chips in AI data centers. The consortium, the Ultra Accelerator Link Consortium, is developing a standard called UALink, which connects the AI accelerator chips found within a growing number … Continue reading
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Meta targeting lowest-performing employees in latest round of layoffs
Meta will cut about 5% of its staff, focusing on its lowest-performing workers, CNBC confirmed.
With $30 million in new funding, SEEQC thinks chips are key to building useful quantum computing
Nvidia CEO Jensen Huang may have said that “very useful quantum computers” are probably still 20 years away, but his company is also hedging its bets beyond classical chips with investments and partnerships in that very space. Now one of … Continue reading
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Data center power demand will double over the next five years
Data centers are expected to continue growing at a breakneck pace, doubling their power demand by 2029, according to a new report from JLL. The industry’s expansion, fueled by the rapid growth of AI alongside the continued expansion of cloud-based … Continue reading
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Why TikTok Users Are Downloading ‘Red Note,’ the Chinese App
To show how little they care about TikTok’s ties to Beijing, people in the United States are downloading one of China’s most popular apps.